‘File Segregation’: New ID Is a Bad IDea If you have filed for bankruptcy, you may be the target of a credit repair scheme called file segregation, SCN or Secondary Credit Number, or CPN or Credit Profile Number. In this scheme, you are promised a chance to hide unfavorable credit information by establishing a new credit identity. That may sound ... Read More »
As part of a look around the internet to see what credit and debt offers were about I found this ad for a company called 720 Funding at 720funding.com. That ad led me to their website where they offer what appears to be advanced fee credit repair packages with upfront fees of $5,500. Consumers should be very careful when engaging ... Read More »
Reader Wants a Refund From Lang Smith Who He Paid Advance Fees to For Credit Repair. No Refund Received.
Not all that long ago I wrote an article about an email Credit Mastery Challenge sent out. You can read it here. In the comments for that article a reader, Elliott, came forward and make a claim that he had paid for services and asked for a refund in accordance with his agreement and Lang Smith refused to provide it. ... Read More »
The Garden State has launched a campaign to help warn consumers about credit repair scams. Theor campaing is replete with a credit repair brochure, video and radio ad. NJ Credit Repair Warning I did laugh out loud at the video they put put below. The guy in the video, who apparently overspends on his credit card to impress a woman, ... Read More »
While searching out scams to avoid recently I came across many that were willing, for a fee, to help me repair bad credit using a CPN or Credit Profile Number. There is a lot of misinformation online about the CPN but what you need to know is you can’t use a fictional number in place of your valid Social Security ... Read More »